WBCS.LIVE practice question

Which of the following is a FALSE statement in the context of the government budget?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. There is no future obligation to return the amount in case of revenue receipts.
  2. Profit earned through Indian Railways is a part of non-tax revenue.
  3. Fees and fines collected is an example of capital receipt.
  4. Recovery of a loan is a capital receipt.

Correct answer and explanation

Correct answer: Fees and fines collected is an example of capital receipt.